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<h1>SEBI Updates: Top 500 Firms Need Independent Woman Director by April 2019, Top 1000 by April 2020.</h1> The Securities and Exchange Board of India (SEBI) has amended its Listing Obligations and Disclosure Requirements Regulations, 2015, effective April 1, 2019. Key changes include the requirement for top 500 listed entities to have an independent woman director by April 1, 2019, and top 1000 by April 1, 2020. The board of the top 1000 and 2000 entities must have at least six directors. New rules also restrict non-executive directors over 75 without special resolution and set limits on directorships. Secretarial audits are mandated for listed entities and material unlisted subsidiaries. These amendments aim to enhance corporate governance and transparency.